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Plodding Along

I popped $300 into Players Superbook for a $60 bonus on Tuesday.  They run pretty much non-stop at 20% bonuses via Neteller, 4X rollover, but they have a 30-day wait before you can withdraw policy. That's a hassle, but I figure over time I should bust on the first bet 50% of the time, so it averages out, and makes it worthwhile.  Unfortunately, I didn't bust on bet one this time.  I couldn't find any decent lines for Wednesday's games, but I have it all in on two games for today.  Maybe I'll get lucky.

I received SHARP SPORTSBETTING by Harry Wong from Amazon yesterday.  Looking forward to reading that - it is the most highly recommended book I see in SportsBetting Forums.

I realized recently that my self-imposed rule of having at least the rollover requirement for the book you are currently chasing in reserve at another book is not excessively conservative at all - as I had first thought.  I think if I illustrate with an example it will be more clear as to why.

I deposit $200 into Book A for 20% at 4X rollover.  I have $240, and my rollover is $960, so I have $960 in Book B as my reserve to bet against Book A.  First bet, I take a moneyline for +200 at Book A, and -200 at Book B (I'll take an even up wager for the opportunity to bust in one bet.) 

I put $240 on Book A (+200), to win $480.  I must put $480 on Book B(-200) to win $240 to offset.  I win my bet at Book A.  Now I have $720 in Book A, with a $720 WR remaining.  I only have $480 left in Book B to bet against it.  I may end up getting my whole BR in Book A, and not have any money left to bet against it in Book B, even though I had the entire rollover in reserve when I started.  It seems very obvious when I write it all out, but it did not occur to me before.  Perhaps I am slow, but at least I can learn. Surprised

Moral of the story:  YOU CAN NEVER HAVE TOO MUCH MONEY TO SCALP SPORTSBOOKS FOR BONUSES.  I don't think I am going to adjust my criteria at this time - having 1X the rollover in reserve - but I will be more wary where I stand than before, now that I have figured this out.

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